Colombian equities closed higher on Tuesday, with the COLCAP index finishing the session up 2.11% as gains in the Industrials, Services and Agriculture sectors underpinned the market.
At the close in Colombia, the COLCAP rose 2.11%.
Top performers
The standout performers on the COLCAP included Banco De Bogota SA (BVC:BBO), which climbed 6.70% - a rise of 2,500.00 points - to finish at 39,800.00. Grupo de Inversiones Suramericana SA Preferred (BVC:SIS_p) added 5.34%, or 2,220.00 points, ending the session at 43,820.00. Grupo Aval Acciones y Valores SA Pref (BVC:GAA_p) rose 4.52%, an increase of 32.00 points, to close at 740.00.
Lagging names
The stocks listed as the weakest performers were unchanged at the close. Etb (BVC:ETB) finished flat at 55.00, Grupo Nutresa SA (BVC:NCH) was unchanged at 304,400.00, and Cementos Argos Pf (BVC:CCB_p) also finished without change at 13,500.00.
Market breadth
Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 1 to 0.
Commodities and currencies
In commodities trading, US coffee C for May delivery was down 0.74% or 2.20 to $294.70. US cocoa for May delivery gained 4.13%, an increase of 136.00, to reach $3,425.00. The April Gold Futures contract rose 1.86% or 95.00 to trade at $5,198.70 a troy ounce.
On the currency front, USD/COP was up 0.05% at 3,709.12, while BRL/COP rose 0.05% to 718.50. The US Dollar Index Futures slipped 0.26% to 98.91.
What this means
The session saw sector-led gains push the benchmark higher, with selected financial and industrial names posting the largest advances. Commodity price movements and minor currency shifts accompanied the equity gains.